#ounce market has lost important trend lines and based on the analysis of Elliott waves, important downward targets have also been activated and had a good fall to the bottom of the $1600 channel.
And in Maniz's calculations, maintaining the $1600 channel has been an important condition for creating an upward corrective wave in order to touch the minimum channel of $1700 and the maximum channel of $1800 according to the structure required for corrective waves.
At the moment, we are in the middle of the climb and #automatic_rally after touching a relatively important support, but if we do not cross the range of $1680-1690, it is better not to have a buy position.
In general, all the tops towards the $1800 channel can be a good position to sell with the intention of the $1600-1500 channels.
Of course, there is no guarantee of seeing the 1800 channel before the final bottoms are touched in the possible fall of Anas towards the channels of 1500-1400 and even 1300 dollars.
So, for the time being, we recommend a step sale in a possible upward trend